LPDriver: Evergrowing LP

LPDriver: Ever-growing LP for self sustaining protocol and deflationary pressure.

LPDriver mechanism: This is analogues to but better than Graveyard of Elephant.money where 50-51% of all tokens are held in this address to add perpetually more LP.

Why LPDriver mechanism needed? As the protocol grows, the LP% (the % amount of tokens held in the LP contract, compared to the total token supply) becomes smaller and smaller. Sometimes it gets even smaller than 2% of the token supply, whereas many early whales typically hold more than 2% of the tokens. In those situations, selling from just one "usual whale" has devastating effects on price and a cascade of panic sells ensure. LPDriver is an innovative mechanism that takes some aspects of Elephant.money but it has an even better mechanism than Elephant.money.

How is our LPDriver different and better than the graveyard of Elephant.money? Whereas Elephant.money sells 1% token to create BNB to make LP pair (creating large volume sells randomly, often creating unnecessary panic sells), our protocol doesn't have to sell Cheemsx because LPDriver wallets are our Dev and Team wallets that will have AVAX from transaction tax!

So, LPDriver contract will always hold a minimum of 20% tokens. When accumulated reflections make the token balance more than 23 or 25%, the protocol will check a few parameters and then add the extra reflected token with AVAX to create additional LP (without any SELLS, unlike elephant.money). In this way, our main liquidity pool will be always the top holder (our predictive model suggest, it will be always > 15% or 20% and ever-growing creating a strong deflationary mechanism (even more rewarding for the holders in addition to usual direct reflections) for the and self-sustaining loop.

LPDriver will deploy two complementary mechanism: When price chart overshoots through Bollinger bands, it will be Sell + Add LP. Those small systematic sells (typically <1%) only at the peaks or ATH will allow new investors to get in and existing investor to refill their bags. But when the chart dips below Bollinger band, instead of sell and add, it will be pure add LP without any sell, so it will not adversely affect the price action.

Last updated